The True Cost of Life Insurance

“I can’t afford it.”

This is one of the most common reasons people give for not having life insurance. But the truth is: It’s less expensive than you think.

Most people overestimate the true cost of life insurance; 44% of Millennials think it costs more than five times what it actually does.1

But did you know that a healthy 30-year-old man would pay about $13 a month for a 20-year, $250,000, level-term policy?

And think about it, that means this same healthy 30-year-old could get $500,000 in coverage for about a dollar a day.

While it is an expense that you have to budget for, imagine what the financial impact would be for your family if something were to happen to you and you had no life insurance coverage at all.

There’s a policy to fit every budget, and a life insurance agent can help you find coverage that’s right for you.

1 2018 Insurance Barometer Study, conducted by Life Happens and LIMRA
2 Best annual cost quoted by AccuQuote.com, 2018

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